Peloton plummeted nearly 14 % after fourth quarter results, with active paying subscribers declining 8.8 % year over year. Zillow slid more than 11 % despite solid earnings, as the company expanded its CFO’s role and announced approximately 500 layoffs. Sandisk dropped 10 % on first quarter revenue guidance that disappointed traders, while Western Digital slumped over 15 % on weaker-than-expected current quarter projections. On the upside, Moderna rose 4 % after the FDA approved its mRNA flu vaccine mFlusiva for adults 50 years and older.
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